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VEEM ASX:VEE Stock Report

Last Price

AU$1.24

Market Cap

AU$168.4m

7D

-8.8%

1Y

25.3%

Updated

20 Dec, 2024

Data

Company Financials +

VEEM Ltd

ASX:VEE Stock Report

Market Cap: AU$168.4m

VEE Stock Overview

Engages in the design, manufacture, and sale of marine propulsion and stabilization systems. More details

VEE fundamental analysis
Snowflake Score
Valuation2/6
Future Growth2/6
Past Performance5/6
Financial Health6/6
Dividends0/6

Rewards

Trading at 60.6% below our estimate of its fair value

Earnings are forecast to grow 11.35% per year

Earnings grew by 69.9% over the past year

Risk Analysis

Volatile share price over the past 3 months compared to the Australian market


My Notes

Capture your thoughts, links and company narrative

VEEM Ltd Competitors

Korvest

ASX:KOV

AU$120.4m

XRF Scientific

ASX:XRF

AU$252.9m

Environmental Group

ASX:EGL

AU$119.9m

LaserBond

ASX:LBL

AU$64.5m

Price History & Performance

Summary of share price highs, lows and changes for VEEM
Historical stock prices
Current Share PriceAU$1.24
52 Week HighAU$2.02
52 Week LowAU$0.97
Beta1.35
1 Month Change1.22%
3 Month Change-18.42%
1 Year Change25.25%
3 Year Change36.26%
5 Year Change133.96%
Change since IPO103.28%

Recent News & Updates

VEEM (ASX:VEE) Seems To Use Debt Quite Sensibly

Nov 29
VEEM (ASX:VEE) Seems To Use Debt Quite Sensibly

Recent updates

VEEM (ASX:VEE) Seems To Use Debt Quite Sensibly

Nov 29
VEEM (ASX:VEE) Seems To Use Debt Quite Sensibly

Here's Why We Think VEEM (ASX:VEE) Is Well Worth Watching

Nov 15
Here's Why We Think VEEM (ASX:VEE) Is Well Worth Watching

At AU$1.36, Is It Time To Put VEEM Ltd (ASX:VEE) On Your Watch List?

Sep 26
At AU$1.36, Is It Time To Put VEEM Ltd (ASX:VEE) On Your Watch List?

VEEM (ASX:VEE) Seems To Use Debt Quite Sensibly

Apr 16
VEEM (ASX:VEE) Seems To Use Debt Quite Sensibly

When Should You Buy VEEM Ltd (ASX:VEE)?

Mar 14
When Should You Buy VEEM Ltd (ASX:VEE)?

Subdued Growth No Barrier To VEEM Ltd (ASX:VEE) With Shares Advancing 30%

Mar 14
Subdued Growth No Barrier To VEEM Ltd (ASX:VEE) With Shares Advancing 30%

VEEM Ltd Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year

Feb 25
VEEM Ltd Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year

Returns On Capital At VEEM (ASX:VEE) Have Stalled

Jan 22
Returns On Capital At VEEM (ASX:VEE) Have Stalled

Investors Appear Satisfied With VEEM Ltd's (ASX:VEE) Prospects As Shares Rocket 34%

Dec 18
Investors Appear Satisfied With VEEM Ltd's (ASX:VEE) Prospects As Shares Rocket 34%

These 4 Measures Indicate That VEEM (ASX:VEE) Is Using Debt Reasonably Well

Nov 16
These 4 Measures Indicate That VEEM (ASX:VEE) Is Using Debt Reasonably Well

Investors Met With Slowing Returns on Capital At VEEM (ASX:VEE)

Sep 21
Investors Met With Slowing Returns on Capital At VEEM (ASX:VEE)

Is Now An Opportune Moment To Examine VEEM Ltd (ASX:VEE)?

Aug 19
Is Now An Opportune Moment To Examine VEEM Ltd (ASX:VEE)?

Is VEEM (ASX:VEE) Using Too Much Debt?

Jun 26
Is VEEM (ASX:VEE) Using Too Much Debt?

Capital Allocation Trends At VEEM (ASX:VEE) Aren't Ideal

Jan 24
Capital Allocation Trends At VEEM (ASX:VEE) Aren't Ideal

Is It Too Late To Consider Buying VEEM Ltd (ASX:VEE)?

Dec 12
Is It Too Late To Consider Buying VEEM Ltd (ASX:VEE)?

Why We Think VEEM Ltd's (ASX:VEE) CEO Compensation Is Not Excessive At All

Nov 16
Why We Think VEEM Ltd's (ASX:VEE) CEO Compensation Is Not Excessive At All

VEEM (ASX:VEE) Has A Somewhat Strained Balance Sheet

Oct 17
VEEM (ASX:VEE) Has A Somewhat Strained Balance Sheet

Capital Allocation Trends At VEEM (ASX:VEE) Aren't Ideal

Aug 16
Capital Allocation Trends At VEEM (ASX:VEE) Aren't Ideal

Is There Now An Opportunity In VEEM Ltd (ASX:VEE)?

Jul 10
Is There Now An Opportunity In VEEM Ltd (ASX:VEE)?

VEEM (ASX:VEE) Seems To Use Debt Quite Sensibly

Jun 19
VEEM (ASX:VEE) Seems To Use Debt Quite Sensibly

Calculating The Intrinsic Value Of VEEM Ltd (ASX:VEE)

May 03
Calculating The Intrinsic Value Of VEEM Ltd (ASX:VEE)

Be Wary Of VEEM (ASX:VEE) And Its Returns On Capital

Mar 15
Be Wary Of VEEM (ASX:VEE) And Its Returns On Capital

I Ran A Stock Scan For Earnings Growth And VEEM (ASX:VEE) Passed With Ease

Sep 05
I Ran A Stock Scan For Earnings Growth And VEEM (ASX:VEE) Passed With Ease

VEEM Ltd Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

Aug 06
VEEM Ltd Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

With EPS Growth And More, VEEM (ASX:VEE) Is Interesting

Jun 03
With EPS Growth And More, VEEM (ASX:VEE) Is Interesting

Estimating The Intrinsic Value Of VEEM Ltd (ASX:VEE)

May 13
Estimating The Intrinsic Value Of VEEM Ltd (ASX:VEE)

Should We Be Excited About The Trends Of Returns At VEEM (ASX:VEE)?

Mar 09
Should We Be Excited About The Trends Of Returns At VEEM (ASX:VEE)?

Should You Be Adding VEEM (ASX:VEE) To Your Watchlist Today?

Feb 22
Should You Be Adding VEEM (ASX:VEE) To Your Watchlist Today?

What Does VEEM's (ASX:VEE) CEO Pay Reveal?

Feb 05
What Does VEEM's (ASX:VEE) CEO Pay Reveal?

Is There An Opportunity With VEEM Ltd's (ASX:VEE) 34% Undervaluation?

Jan 21
Is There An Opportunity With VEEM Ltd's (ASX:VEE) 34% Undervaluation?

VEEM Ltd's (ASX:VEE) Stock is Soaring But Financials Seem Inconsistent: Will The Uptrend Continue?

Jan 06
VEEM Ltd's (ASX:VEE) Stock is Soaring But Financials Seem Inconsistent: Will The Uptrend Continue?

We Wouldn't Rely On VEEM's (ASX:VEE) Statutory Earnings As A Guide

Dec 22
We Wouldn't Rely On VEEM's (ASX:VEE) Statutory Earnings As A Guide

Returns On Capital At VEEM (ASX:VEE) Paint An Interesting Picture

Dec 08
Returns On Capital At VEEM (ASX:VEE) Paint An Interesting Picture

The VEEM (ASX:VEE) Share Price Has Gained 41% And Shareholders Are Hoping For More

Nov 25
The VEEM (ASX:VEE) Share Price Has Gained 41% And Shareholders Are Hoping For More

Shareholder Returns

VEEAU MachineryAU Market
7D-8.8%-9.0%-2.7%
1Y25.3%16.2%6.5%

Return vs Industry: VEE exceeded the Australian Machinery industry which returned 20.8% over the past year.

Return vs Market: VEE exceeded the Australian Market which returned 7.8% over the past year.

Price Volatility

Is VEE's price volatile compared to industry and market?
VEE volatility
VEE Average Weekly Movement12.4%
Machinery Industry Average Movement7.6%
Market Average Movement8.0%
10% most volatile stocks in AU Market16.8%
10% least volatile stocks in AU Market3.1%

Stable Share Price: VEE's share price has been volatile over the past 3 months compared to the Australian market.

Volatility Over Time: VEE's weekly volatility (12%) has been stable over the past year, but is still higher than 75% of Australian stocks.

About the Company

FoundedEmployeesCEOWebsite
1968n/aTrevor Ramanwww.veem.com.au

VEEM Ltd engages in the design, manufacture, and sale of marine propulsion and stabilization systems. It offers gyrostabilizers; CNC machined monobloc and fixed pitch propellers; and forever pipe, a piping solution for the processing industry. The company also provides conquest propeller, shaft lines, and marine ride control fins.

VEEM Ltd Fundamentals Summary

How do VEEM's earnings and revenue compare to its market cap?
VEE fundamental statistics
Market capAU$168.35m
Earnings (TTM)AU$6.99m
Revenue (TTM)AU$80.55m

24.1x

P/E Ratio

2.1x

P/S Ratio

Is VEE overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
VEE income statement (TTM)
RevenueAU$80.55m
Cost of RevenueAU$37.47m
Gross ProfitAU$43.09m
Other ExpensesAU$36.10m
EarningsAU$6.99m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)0.051
Gross Margin53.49%
Net Profit Margin8.67%
Debt/Equity Ratio11.0%

How did VEE perform over the long term?

See historical performance and comparison

Dividends

1.2%

Current Dividend Yield

30%

Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/20 03:48
End of Day Share Price 2024/12/20 00:00
Earnings2024/06/30
Annual Earnings2024/06/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

VEEM Ltd is covered by 1 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Alexander LuMorgans Financial Limited